United Arab Emirates · Payments & e-money
Network International LLC
Network International LLC is a Dubai-based limited liability company. The Central Bank of the UAE (CBUAE) licenses it as a Stored Value Facility (SVF) provider, a licence the firm announced in April 2024. A consortium led by Brookfield Asset Management owns the business. The consortium completed its acquisition of the group's former London-listed holding company, Network International Holdings plc, on 17 September 2024. The firm provides merchant acquiring, online payment gateway and card and issuer processing services to merchants, banks, fintechs and government bodies. It also issues the Network MAX prepaid card to UAE-based SMEs. Magnati merged into the firm on 1 October 2025.
Licences and registrations
Held by Network International LLC. 1 entry on 1 of the 22 tracked registers, retrieved 24 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| CBUAE Register of Licensed Financial Institutions - Stored Value FacilityCentral Bank of the UAE (CBUAE) | Stored Value FacilityE-Money / Stored Value Institution | 05.01.01.011.2024.02 | United Arab Emirates | Active | — | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Ownership
Privately held
Firm type
Merchant acquiring and processing
Trades as Network International
- Standing
- Network International and Magnati completed their merger on 1 October 2025. The combined business operates under the name Network International LLC.
- Ownership
- A consortium led by Brookfield Asset Management owns the firm. First Abu Dhabi Bank took part in the consortium that acquired Network International Holdings plc in September 2024.
- Head office
- First Floor, Network Building, 23rd Street, Opposite Al Salam Mosque, Al Barsha 2, Dubai, United Arab Emirates
- Name in the local language
- شركة نيتورك الدولية ذ.م.م
Online
- Websites & references
- network.ae ↗
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗
- Apps
- Google Play ↗ · App Store ↗
Sources · 14 pages consulted
- network.ae/en
- network.ae/en/about-us/press-and-media/news/network-international-obtains-stored-value-facility-lice
- network.ae/files/Network-max-prepaid-Card-TC.pdf
- network.ae/en/merchant-solutions/merchant-card-solutions/network-max-prepaid-card
- network.ae/en/about-us/our-team
- network.ae/en/about-us/our-team/murat-cagri-suzer
- network.ae/en/about-us/press-and-media/news/network-international-launches-network-max-to-give-uae-s
- network.ae/en/about-us/press-and-media/news/network-international-and-magnati-merge-to-create-the-le
- network.ae/en/about-us/press-and-media/news/network-international-announces-appointment-of-murat-cag
- network.ae/en/terms-and-conditions
- linklaters.com/en/about-us/news-and-deals/deals/2024/september/linklaters-advises-brookfield-led-consort
- zawya.com/en/press-release/companies-news/rakbank-and-network-international-complete-merchant-acqui
- techafricanews.com/2026/01/06/network-international-partners-mbank-to-launch-regulated-stablecoin-payments/
- en.wikipedia.org/wiki/Network_International
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The CBUAE licenses the firm as a Stored Value Facility provider under licence number 05.01.01.011.2024.02. The firm issues the Network MAX prepaid card in its own name.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of the UAE (CBUAE) United Arab Emirates | Stored Value Facility | 05.01.01.011.2024.02 | In its own name | Active | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Products and markets
Researched 29 Sep 2026 · Sources
The firm offers card acceptance in store and online, and card and issuer processing for banks, fintechs and telecoms operators. Under its SVF licence it issues the Network MAX prepaid card, which receives card settlement proceeds for UAE sole proprietorships and single-owner LLCs.
The SVF licence covers the UAE. The firm says the wider Network International group serves customers in more than 50 countries in the Middle East and Africa.
- Sells to
- Small businesses · Enterprises · Financial institutions · Public sector
- Serves customers in
- United Arab Emirates
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Murat Cagri Suzer Group Chief Executive Officer
- Chair
- Hadi Badri Chairman of the Board
- Chief financial officer
- Ashish Jain Group Chief Financial Officer
- Executive
- Jay Razzaq Chief Risk Officer & Group Company Secretary
- Executive
- Somu Roy Managing Director, UAE
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm launched the Network MAX business card suite for UAE SMEs, developed in partnership with Mastercard.
network.ae ↗ -
Merger / acquisition
The firm and RAKBANK completed a merchant acquiring transaction in the UAE after receiving the required CBUAE approvals.
zawya.com ↗ -
Other
The firm signed a memorandum of understanding with Al Maryah Community Bank to accept the AE Coin dirham stablecoin at merchants.
techafricanews.com ↗ -
Merger / acquisition
Network International and Magnati completed their merger under a Brookfield-led consortium. The combined business operates as Network International LLC.
network.ae ↗ -
Leadership
The group appointed Murat Cagri Suzer as Group Chief Executive Officer, succeeding Nandan Mer.
network.ae ↗ -
Merger / acquisition
A Brookfield-led consortium completed its acquisition of the group's listed holding company, Network International Holdings plc.
linklaters.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · CBUAE-SVF
- 05.01.01.011.2024.02
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- 862c42662a0d
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- E-Money / Stored Value Institution
- Activities
- E-money / stored value
- Licensed in
- United Arab Emirates · Middle East & North Africa
- First registered
- Not published
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- Dubai
- Country
- United Arab Emirates
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Structured: town and country
<FinInstnId>
<Nm>Network International LLC</Nm>
<PstlAdr>
<TwnNm>Dubai</TwnNm>
<Ctry>AE</Ctry>
</PstlAdr>
</FinInstnId>CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- CBUAE Register of Licensed Financial Institutions - Stored Value Facility—Central Bank of the UAE (CBUAE) · source ↗ as at 24 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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